BALTIMORE CORPS INC (EIN 364913965) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

CARYN YORK

Phone

4436408904

Tax Period

2023-07-01 to 2024-06-30

BALTIMORE CORPS INC, founded in 2018, is a community nonprofit in the Employment sector that reported $6.6M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $10.2M exceeded revenue, resulting in a 54% operating deficit.

Mission

TO CULTIVATE CAREER ADVANCEMENT OPPORTUNITIES FOR LOCAL TALENT, FACILITATE TALENT ACQUISITION FOR LOCAL EMPLOYERS, INCREASE ACCESS TO CAPITAL FOR LOCAL ENTREPRENEURS' SOCIAL VENTURES, AND FOSTER CROSS-SECTOR COLLABORATION TO ADDRESS CITY CHALLENGES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,663,262

Program Service Revenue $2,898,205

Investment Income $39,243

Other Revenue $7,984

TOTAL REVENUE $6,608,694

Expense Breakdown

Grants Paid $405,500

Salaries & Benefits $7,852,761

Fundraising Expenses $415,723

Program Expenses $7,534,947

Other Expenses $1,930,748

TOTAL EXPENSES $10,189,009

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,608,694	$8,044,219	-0.2%
Expenses	$10,189,009	$10,473,188	0.0%
Net Income	$-3,580,315	$-2,428,969	+0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$267,709

Total Directors

Key Employees

$338,760

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT GALLAGHER	CHAIR	2.00	Officer Director	$0	$0	$0
CHARLENE MOORE HAYES	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ALEXANDRA HUGHES	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD BROWN	BOARD MEMBER	2.00	Director	$0	$0	$0
TRACEY BARBOUR-GILLETT	SECRETARY	2.00	Officer Director	$0	$0	$0
SARAH FLAMMANG	INTERIM PRESIDENT AND CEO (TERM 7/25/2023)	40.00	Officer	$113,816	$0	$113,816
FAY NANCE	INTERIM CFO (TERM 10/31/2023)	40.00	Officer	$97,290	$0	$97,290
CARYN YORK	PRESIDENT & CEO (START 9/05/2023)	40.00	Officer	$53,834	$0	$53,834
MONIQUE BOYD	CHIEF OPERATIONS OFFICER (START 12/12/2023)	40.00	Officer	$2,769	$0	$2,769
JESSICA ARMSTRONG	INTERIM CFO (TERM 9/20/2024)	40.00	Officer	$0	$0	$0
KARON MCFARLANE	CHIEF STRATEGY OFFICER (TERM 3/22/2024)	40.00	Key Emp	$172,655	$6,264	$178,919
TAMARA ARNOLD	CHIEF PROGRAM OFFICER	40.00	Key Emp	$152,264	$7,577	$159,841

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$6,608,694	$10,189,009	$5,379,396	$-3,580,315
2023	$8,044,219	$10,473,188	$6,389,320	$-2,428,969
2022	$10,474,967	$7,653,324	$9,476,399	$2,821,643
2021	$7,964,333	$5,322,193	$6,760,728	$2,642,140
2020	$6,342,263	$3,470,716	$3,368,816	$2,871,547
2019	$223,223	$212,915	$191,249	$10,308

BALTIMORE CORPS INC